Corpus mentioned above is based on a monthly Pension example is based on yearly annuity of
saving of Rs.1000, In case, a member saves Rs.7110 per Rs. 1,00,000 with return of corpus
Rs.2000 per month, the above figures can on death of annuitant. 600+ outlets I 140+locations
simply be doubled. All values are indicative. This calculator does not
Monthly pension is based on the corpus shown guarantee or represent that the annuity rate on
in first table which starts from the age of 60 your savings will be as shown here. The returns
years. shown here do not take fees and charges into
account.
Minimum 80% of the corpus to be mandatorily
used to purchase an annuity
Maximum 20% of the corpus can be withdrawn
as Lump sum
Subscriber Registration for Tier I & Tier II Ac’s
• Subscriber's Contribution to Tier I A/c is eligible
for Tax benefit Under Sec. 80CCE & 80 CCD (1B). Subscriber’s regular contribution uploading
Employer's Contribution is eligible for deduction Subscriber detail modification
Under Sec. 80CCD (2) IPIN / TPIN Reissue
NPS offers two approaches to invest your money. Switch / Withdrawal / Scheme Change /
• It is meant for all citizens of the country in the age
group of 18 to 65 years Fund manager change / Subscriber shifting
Active Choice : This option allows a subscriber to
actively decide the allocation of his contribution across
• It is voluntary - NPS is open to every Indian citizen. 4 schemes - Equities (Max. of 50%), Corporate Bonds,
Govt. Securities and Alternate Investments. Under Sec. 80CCE deduction up to 10% of salary
• It is simple - All you have to do is open an account (Basic + DA) subject to overall ceiling of
with Way2Wealth and get a PRAN. Auto Choice : Subscriber has the option to choose `1.50 Lacs
among 3 life cycle funds which work on Auto mode - Additional tax deduction on investment up to
• It is flexible - You can choose to operate your Aggressive, Moderate and Conservative. `50,000 under section 80CCD (1B). This tax
account from anywhere in the country, even if deduction is over and above the limit of
you change your city, job or your pension fund deduction mentioned in the above point.
manager. Account
Type Details Amount This is an exclusive tax deduction available for
• It is regulated - NPS is regulated by PFRDA with
NPS only.
Minimum amount per contribution `500
transparent investment norms, regular Minimum contribution per year
Under Sec. 80 CCD (2) Employer's contribution
`1000
monitoring and performance review of fund Tier I to NPS account up to 10 % of salary (Basic + DA)
Minimum number of contributions 01
managers by NPS trust. is deductible (without any monetary limit)
Contribution at the time of Activation `1000 from taxable income. This tax benefit is in
Tier II Minimum amount per contribution `250 addition to the benefits provided in the above
Minimum yearly balance `2000 mentioned sections
A subscriber can open the following types of
accounts under NPS.
Way2Wealth Brokers Pvt. Ltd. is one of India's
TIER I: This is a non withdrawable account to Premier Investment Consultancy firms known
which the Subscriber can contribute his/her for making investments simpler, more
savings to build a retirement corpus. understandable and profitable to investors.
Ÿ Minimum 40% of the corpus to be mandatorily used
to purchase an annuity
TIER II: This is a voluntary savings account which
Ÿ Maximum 60% of the corpus can be withdrawn as Way2Wealth is a PFRDA licensed Point of
provides liquidity to subscribers i.e. subscribers
are free to withdraw their savings from this Lump sum. Alternatively, subscriber can withdraw in Presence – Service Provider for NPS
account whenever they wish. Tier I account is a maximum 10 unequal annual installments up to the We provide solutions to both Corporates as
pre-requisite for having a tier II account. age of 70 yrs well as Individuals
